Well, LG stands for Lucky Goldstar when two companies, Lucky and Goldstar, merged together. The company's tagline is "Life's Good" which originated afterward, so it is a coincidence that is also has the abbreviation of LG. LG Corp. is a conglomerate in South Korea that deals in the production of telecommunications products, chemicals and electronics. One of its subsidiaries, LG Electronics, is one of the biggest players in the world market for mobile phones and HDTV sets. In the market of mobile phones, it is the 3rd largest producer, making it one of the big dogs in the global mobile phone industry. This is why LG Electronics is the flagship company of the aforementioned conglomerate, LG Corp.

More Info: www.globalsecurity.org